Prince Andrew, a senior member of the British royal family, may provoke international criticism this week when he visits an oil project which threatens to lead to the extinction of the Western Pacific grey whale, damage environments and destroy fisheries.
Sakhalin
Prince Andrew Shell Connections: UK Royal visits project linked to death of whales
Russian agents raid BP office in Moscow
Royal Dutch Shells plan to award three executives was yesterday rejected by investors at its annual meeting. One-third of Shell shareholders who voted opposed the bonus scheme. When added to those who withheld their votes, 49.5 per cent of voting shareholders did not support the bonuses.
BP’s Russian office raided by top security agency
MOSCOW -BP, Europe's second-largest oil company, said Russian security agents raided its Moscow offices in search of unspecified documents Tuesday.
The Majors Look West, Again
After years of shunning North America and Europe in favor of exotic locales that promised oil in far greater quantities at a much lower cost, the industry's largest players have come crawling back. The reason? Those big projects have been difficult to pull off and haven't made up for declining production in more mature regions like the U.S. Last year the five largest U.S. and British oil companiesExxonMobil, Royal Dutch Shell (RDSA), BP (BP), Chevron (CVX), and ConocoPhillips (COP), which together account for 11% of worldwide outputsaw their oil production slide 3%, to 10 million barrels per day. Those shrinking supplies are one reason that oil now tops $125 a barrel.
Thaw in relations between BP and Russia?
Finally Moscow announced it was sending its environmental chief to probe the biggest field operated by BP in Russia. No-one at BP was unaware that Oleg Mitvol's steely handling of international oil giant Royal Dutch Shell on Sakhalin Island two years ago had effectively forced them to sell up to Russian firm Gazprom
Russian Apr oil output falls again, exports rise
MOSCOW, May 4 (Reuters) - Russian oil production fell for a fourth month in row in April, confirming pessimistic forecasts for the year...